Venezuela reports October inflation of 6.2%, lowest in two years

Venezuela's acting president, Delcy Rodríguez, said inflation was 6.2% in October, the lowest rate in 24 months.

She did not give figures for inflation over the first 10 months of the year or for the year-on-year rate.

In September, the national consumer price index rose 8.4%, and Reuters calculations put annualized inflation at 465.5%.

Rodríguez said the government is finalizing talks for $17 billion in financing over five years, for both public and private sectors.

The country needs financing and has high public debt; it announced the start of a debt restructuring in May.

Venezuela has signed 80 contracts and is negotiating 44 more as it reopens its energy sector to foreign investment, and changes to the main oil law gave PDVSA partners greater independence to operate and sell production.